BULL KENNETH R 4

What Happened
Kenneth R. Bull, Chief Operating Officer of Five Below (FIVE), had a total of 556 shares withheld to satisfy tax liabilities tied to an equity event (e.g., vesting or option exercise). The filing shows 198 shares withheld on 2026-03-07 at $215.28 ($42,625) and 358 shares withheld on 2026-03-08 at $215.28 ($77,070). These were dispositions for tax withholding (transaction code F), not open-market sales.

Key Details

• Transaction dates and amounts:
  • 2026-03-07: 198 shares @ $215.28 = $42,625 (disposed for tax withholding)
  • 2026-03-08: 358 shares @ $215.28 = $77,070 (disposed for tax withholding)
• Combined shares withheld: 556; combined value ≈ $119,695.
• Filing date: 2026-03-10 (Form 4 covering the 3/7–3/8 transactions). The provided data does not indicate a late-filing flag.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Transaction code F indicates payment of tax liability (shares surrendered/withheld).

Context
Withholdings like these are routine when restricted stock vests or options are exercised and do not represent an open-market sale or a directional bet on the stock. They should be read as a tax-related administrative disposition rather than a signal of confidence or concern by the insider.